Tigo Energy Inc. Financials
Tigo Energy Inc. (TYGO) reported $111.2M in revenue over the twelve months to Jun 30, 2026, up 49.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 recovery reflects a sharply lighter cost burden, while financing and working-capital pressure still shape the balance sheet.
Revenue remained below FY2023, but gross margin reached42.8% versus35.3% . Cost of revenue was$59.2M versus$93.9M , so the recovery reflects a lower cost burden or mix change, not volume alone.
Operating cash flow swung from
Long-term debt fell from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Tigo Energy Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Tigo Energy Inc. scores -0.11, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($82.1M) relative to total liabilities ($50.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Tigo Energy Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Tigo Energy Inc. reported a net loss of $1.9M while generating $10.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Tigo Energy Inc. reported an operating loss of $4.5M against $11.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Tigo Energy Inc. generated $103.5M in revenue in fiscal year 2025. This represents an increase of 91.7% from the prior year.
Tigo Energy Inc.'s EBITDA was -$3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 93.6% from the prior year.
Tigo Energy Inc. reported -$1.9M in net income in fiscal year 2025. This represents an increase of 97.0% from the prior year.
Tigo Energy Inc. earned -$0.03 per diluted share (EPS) in fiscal year 2025. This represents an increase of 97.1% from the prior year.
Cash & Balance Sheet
Tigo Energy Inc. generated $9.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 170.8% from the prior year.
Tigo Energy Inc. held $7.7M in cash against $0 in long-term debt as of fiscal year 2025, with $38.8M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Tigo Energy Inc.'s gross margin was 42.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 50.5 percentage points from the prior year.
Tigo Energy Inc.'s operating margin was -4.3% in fiscal year 2025, reflecting core business profitability. This is up 91.9 percentage points from the prior year.
Tigo Energy Inc.'s net profit margin was -1.8% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Tigo Energy Inc.'s ROE was -6.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 741.5 percentage points from the prior year.
Capital Allocation
Tigo Energy Inc. invested $9.2M in research and development in fiscal year 2025. This represents a decrease of 6.2% from the prior year.
Tigo Energy Inc. invested $642K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 50.1% from the prior year.
Not reported for fiscal year 2025.
TYGO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.4M+0.8% | $25.2M-16.1% | $30.0M-1.9% | $30.6M+27.3% | $24.1M+27.7% | $18.8M+9.1% | $17.3M+21.3% | $14.2M |
| Cost of Revenue | $15.4M+7.0% | $14.4M-13.6% | $16.7M-5.0% | $17.6M+32.0% | $13.3M+13.9% | $11.7M-60.9% | $29.8M+139.4% | $12.5M |
| Gross Profit | $10.0M-7.4% | $10.8M-19.2% | $13.4M+2.2% | $13.1M+21.4% | $10.8M+50.0% | $7.2M+157.1% | -$12.6M-808.2% | $1.8M |
| R&D Expenses | $2.5M-5.2% | $2.6M+14.4% | $2.3M-7.6% | $2.5M+10.3% | $2.3M+4.8% | $2.2M-3.9% | $2.3M-7.4% | $2.4M |
| SG&A Expenses | $5.1M-15.8% | $6.1M-0.6% | $6.1M+13.3% | $5.4M-3.4% | $5.6M+10.2% | $5.1M-5.9% | $5.4M+0.2% | $5.4M |
| Operating Income | -$1.7M+30.3% | -$2.4M-823.7% | $333K-48.7% | $649K+143.2% | -$1.5M+62.2% | -$4.0M+83.5% | -$24.1M-131.2% | -$10.4M |
| Interest Expense | $26K+2500.0% | $1K-100.0% | $2.4M-15.8% | $2.9M-0.2% | $2.9M-0.1% | $2.9M0.0% | $2.9M+0.3% | $2.9M |
| Income Tax | -$3.2M-1847.6% | -$164K-102.5% | -$81K-135.2% | $230K+45.6% | $158K-46.6% | $296K+240.2% | $87K | $0 |
| Net Income | $2.2M+224.2% | -$1.8M-114.9% | $11.7M+641.0% | -$2.2M+51.1% | -$4.4M+36.7% | -$7.0M+73.9% | -$26.8M-104.3% | -$13.1M |
| EPS (Diluted) | $0.03+250.0% | -$0.02-110.5% | $0.19+733.3% | -$0.03+57.1% | -$0.07+36.4% | -$0.11+75.0% | -$0.44-100.0% | -$0.22 |
TYGO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $77.9M+4.0% | $74.9M-4.1% | $78.0M-27.6% | $107.8M+33.7% | $80.6M+14.2% | $70.6M-3.1% | $72.9M-26.0% | $98.6M |
| Current Assets | $54.6M-1.0% | $55.1M-5.0% | $58.0M-33.9% | $87.8M+45.4% | $60.4M+16.6% | $51.8M-3.0% | $53.4M-32.2% | $78.7M |
| Cash & Equivalents | $16.9M+46.1% | $11.6M+50.9% | $7.7M-68.7% | $24.5M+139.6% | $10.2M+20.1% | $8.5M-27.6% | $11.7M+24.2% | $9.5M |
| Inventory | $20.6M-17.1% | $24.8M-20.7% | $31.3M+9.6% | $28.5M+50.8% | $18.9M+0.1% | $18.9M-14.1% | $22.0M-53.0% | $46.8M |
| Accounts Receivable | $13.6M-4.1% | $14.2M+2.0% | $13.9M-12.0% | $15.8M+51.8% | $10.4M+0.2% | $10.4M+30.1% | $8.0M-9.7% | $8.8M |
| Goodwill | $12.2M0.0% | $12.2M0.0% | $12.2M0.0% | $12.2M0.0% | $12.2M0.0% | $12.2M0.0% | $12.2M0.0% | $12.2M |
| Total Liabilities | $33.2M-2.3% | $34.0M-32.5% | $50.4M-47.4% | $95.8M+21.3% | $79.0M+18.1% | $66.9M+3.6% | $64.5M-0.9% | $65.1M |
| Current Liabilities | $17.9M-19.9% | $22.4M-42.3% | $38.8M-54.3% | $84.9M+24.8% | $68.0M+16.6% | $58.3M+240.9% | $17.1M-14.0% | $19.9M |
| Long-Term Debt | $4.1M | $0 | $0-100.0% | $50.0M0.0% | $50.0M | N/A | $40.5M+5.8% | $38.3M |
| Total Equity | $44.6M+9.3% | $40.8M+47.9% | $27.6M+129.1% | $12.1M+612.5% | $1.7M-55.2% | $3.8M-55.0% | $8.4M-74.9% | $33.5M |
| Retained Earnings | -$140.0M+1.5% | -$142.2M-1.2% | -$140.4M+7.7% | -$152.1M-1.4% | -$150.0M-3.0% | -$145.5M-5.1% | -$138.5M-24.0% | -$111.7M |
TYGO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.0M+88.8% | -$9.3M-669.4% | $1.6M+13.5% | $1.4M-81.6% | $7.8M+1566.4% | -$530K-150.3% | $1.1M+296.8% | -$535K |
| Capital Expenditures | $291K+39.2% | $209K-53.0% | $445K+867.4% | -$46K | N/A | N/A | $529K+56.0% | $339K |
| Free Cash Flow | -$1.3M+85.9% | -$9.5M-901.8% | $1.2M-14.9% | $1.4M | N/A | N/A | $524K+160.0% | -$874K |
| Investing Cash Flow | $2.5M+1276.6% | -$209K-100.7% | $30.1M+1260.3% | $2.2M+136.1% | -$6.1M-73.0% | -$3.5M-343.4% | $1.5M+128.8% | -$5.0M |
| Financing Cash Flow | $3.9M-70.7% | $13.4M+127.6% | -$48.5M-556.6% | $10.6M+21130.0% | $50K-93.9% | $817K+473.1% | -$219K-114.7% | -$102K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TYGO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.4%-3.5pp | 42.8%-1.6pp | 44.5%+1.8pp | 42.7%-2.1pp | 44.7%+6.7pp | 38.1%+110.8pp | -72.7%-85.2pp | 12.5% |
| Operating Margin | -6.6%+2.9pp | -9.6%-10.7pp | 1.1%-1.0pp | 2.1%+8.4pp | -6.3%+14.9pp | -21.1% | -139.5% | -73.2% |
| Net Margin | 8.6%+15.5pp | -7.0%-46.0pp | 39.0%+46.1pp | -7.1%+11.3pp | -18.4%+18.7pp | -37.2% | -155.2% | -92.1% |
| Return on Equity | 4.9%+9.2pp | -4.3%-46.7pp | 42.4%+60.4pp | -18.0%+243.8pp | -261.8%-76.4pp | -185.5%+134.2pp | -319.6%-280.5pp | -39.2% |
| Return on Assets | 2.8%+5.1pp | -2.3%-17.4pp | 15.0%+17.0pp | -2.0%+3.5pp | -5.5%+4.4pp | -9.9%+26.8pp | -36.8%-23.4pp | -13.3% |
| Current Ratio | 3.04+0.6x | 2.46+1.0x | 1.50+0.5x | 1.03+0.1x | 0.890.0x | 0.89-2.2x | 3.12-0.8x | 3.96 |
| Debt-to-Equity | 0.09+0.1x | 0.000.0x | 0.00-4.1x | 4.15-25.4x | 29.55+11.8x | 17.71+12.9x | 4.83+3.7x | 1.14 |
| FCF Margin | -5.2%+32.3pp | -37.5%-41.5pp | 3.9%-0.6pp | 4.5% | N/A | N/A | 3.0%+9.2pp | -6.1% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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Where Tigo Energy Inc. Ranks
Frequently Asked Questions
What is Tigo Energy Inc.'s annual revenue?
Tigo Energy Inc. (TYGO) reported $103.5M in total revenue for fiscal year 2025. This represents a 91.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tigo Energy Inc.'s revenue growing?
Tigo Energy Inc. (TYGO) revenue grew by 91.7% year-over-year, from $54.0M to $103.5M in fiscal year 2025.
Is Tigo Energy Inc. profitable?
No, Tigo Energy Inc. (TYGO) reported a net income of -$1.9M in fiscal year 2025, with a net profit margin of -1.8%.
What is Tigo Energy Inc.'s EBITDA?
Tigo Energy Inc. (TYGO) had EBITDA of -$3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tigo Energy Inc. have?
As of fiscal year 2025, Tigo Energy Inc. (TYGO) had $7.7M in cash and equivalents against $0 in long-term debt.
What is Tigo Energy Inc.'s gross margin?
Tigo Energy Inc. (TYGO) had a gross margin of 42.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tigo Energy Inc.'s operating margin?
Tigo Energy Inc. (TYGO) had an operating margin of -4.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Tigo Energy Inc.'s net profit margin?
Tigo Energy Inc. (TYGO) had a net profit margin of -1.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Tigo Energy Inc.'s return on equity (ROE)?
Tigo Energy Inc. (TYGO) has a return on equity of -6.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tigo Energy Inc.'s free cash flow?
Tigo Energy Inc. (TYGO) generated $9.7M in free cash flow during fiscal year 2025. This represents a 170.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tigo Energy Inc.'s operating cash flow?
Tigo Energy Inc. (TYGO) generated $10.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tigo Energy Inc.'s total assets?
Tigo Energy Inc. (TYGO) had $78.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tigo Energy Inc.'s capital expenditures?
Tigo Energy Inc. (TYGO) invested $642K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Tigo Energy Inc. spend on research and development?
Tigo Energy Inc. (TYGO) invested $9.2M in research and development during fiscal year 2025.
What is Tigo Energy Inc.'s current ratio?
Tigo Energy Inc. (TYGO) had a current ratio of 1.50 as of fiscal year 2025, which is considered adequate.
What is Tigo Energy Inc.'s debt-to-equity ratio?
Tigo Energy Inc. (TYGO) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tigo Energy Inc.'s return on assets (ROA)?
Tigo Energy Inc. (TYGO) had a return on assets of -2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tigo Energy Inc.'s Altman Z-Score?
Tigo Energy Inc. (TYGO) has an Altman Z-Score of -0.11, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Tigo Energy Inc.'s Piotroski F-Score?
Tigo Energy Inc. (TYGO) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tigo Energy Inc.'s earnings high quality?
Tigo Energy Inc. (TYGO) reported a net loss of $1.9M while generating $10.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tigo Energy Inc. cover its interest payments?
Tigo Energy Inc. (TYGO) reported an operating loss of $4.5M against $11.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tigo Energy Inc.?
Tigo Energy Inc. (TYGO) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.